Use this page as a one-stop reference for everything related to Indian Overseas Bank's PERAMBALUR branch in PERAMBALUR, TAMIL NADU. The branch's IFSC code IOBA0001294 is the key identifier you need whenever a remitter, employer or biller asks for a bank routing number to send funds to an account held at this branch. We have also included the branch's postal address, telephone number, banking hours, common services, and an extensive FAQ block that should answer almost every question that comes up when you are about to add this branch as a beneficiary in your net-banking app for the first time.
IFSC stands for Indian Financial System Code. It is an 11-character code that pinpoints a particular bank branch on the RBI's real-time payment rails. Every NEFT, RTGS or IMPS instruction must carry the destination branch's IFSC for the credit to land in the correct account.
In our case, IOBA0001294 is the IFSC of Indian Overseas Bank's PERAMBALUR branch. The format is fixed: IOBA = bank code, 0 = reserved, 001294 = branch identifier.
Bank profile
Indian Overseas Bank is among the recognised banks listed on the Reserve Bank of India's payments network. The Perambalur branch — IFSC IOBA0001294 — extends the bank's services to customers in and around Perambalur, Tamil Nadu.
Perambalur branch overview
Located at SRI VARADARAJ COMPLEX,PERAMBALUR ROAD,PERAMBALUR PIN 621212, the Perambalur branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC IOBA0001294 is required for all interbank electronic transfers routed through this branch.
Branch details at a glance
| Bank Name | Indian Overseas Bank |
|---|---|
| Branch | Perambalur |
| IFSC Code | IOBA0001294 |
| MICR Code | Refer to cheque leaf |
| Branch Address | SRI VARADARAJ COMPLEX,PERAMBALUR ROAD,PERAMBALUR PIN 621212 |
| City | Perambalur |
| District | Perambalur |
| State | Tamil Nadu |
| Phone | 278512 |
The role of IFSC in India's payments network
India's electronic payment infrastructure — NEFT, RTGS, IMPS, UPI and the National Automated Clearing House (NACH) — is built on a single principle: every participating bank branch must be uniquely identifiable by an alphanumeric code. The Reserve Bank of India introduced the IFSC system to fulfil this requirement, and that is how Indian Overseas Bank's PERAMBALUR branch came to be assigned the code IOBA0001294.
Whether you are receiving a salary on the first of the month, paying a vendor invoice, settling an EMI, or accepting a refund from an e-commerce platform, the IFSC is the silent piece of metadata that tells the network where your account lives. Without IFSC IOBA0001294, money simply cannot be routed to the PERAMBALUR branch electronically.
MICR code & cheque clearing
Apart from IFSC, every cheque book issued by Indian Overseas Bank carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC IOBA0001294 and the account number together uniquely identify the Perambalur branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
How to transfer money using IFSC IOBA0001294
Online transfers in India are powered by three major channels — NEFT, RTGS and IMPS — and each one requires a destination IFSC. Below is a quick guide for using IFSC IOBA0001294 across all three.
NEFT to Indian Overseas Bank, PERAMBALUR using IFSC IOBA0001294
National Electronic Funds Transfer is the simplest way to move money into an account at this branch. NEFT works around the clock, including Sundays and public holidays, and settles in half-hourly batches.
To send funds, add the recipient as a beneficiary in your bank's online portal, key in the account number, paste the IFSC IOBA0001294, and confirm that the system picks up Indian Overseas Bank – PERAMBALUR. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC IOBA0001294
RTGS (Real-Time Gross Settlement) is the fastest high-value transfer mechanism in India. It is meant for transfers of ₹2 lakh and above and settles each transaction individually and instantly. To remit through RTGS to Indian Overseas Bank – PERAMBALUR, ensure your bank's portal accepts IFSC IOBA0001294 while registering the beneficiary. RTGS is also available 24x7.
IMPS to Indian Overseas Bank PERAMBALUR (IFSC IOBA0001294)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IOBA0001294 in your mobile or internet banking app, and the money is credited to the PERAMBALUR branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC IOBA0001294 for Indian Overseas Bank – PERAMBALUR, but they differ in speed, minimum amount and use case. The table below summarises the differences so you can pick the right channel for the situation at hand.
| Parameter | NEFT | RTGS | IMPS |
|---|---|---|---|
| Minimum amount | ₹1 | ₹2,00,000 | ₹1 |
| Maximum amount | No RBI cap | No RBI cap | ₹5,00,000 |
| Settlement | Half-hourly batches | Real-time | Real-time |
| Availability | 24x7 | 24x7 | 24x7 |
| Best for | Routine transfers | High-value transfers | Urgent small / mid transfers |
| IFSC required | Yes – IOBA0001294 | Yes – IOBA0001294 | Yes – IOBA0001294 |
For most retail customers crediting the Perambalur branch, NEFT or IMPS will be the quickest and most economical option. RTGS comes in for one-off, high-value movements such as property purchases, vendor settlements or large gifts.
How UPI relates to the IFSC code
UPI lets you pay using a short Virtual Payment Address instead of typing the IFSC every time, but behind the scenes every UPI mandate is mapped to an account number plus an IFSC. For accounts at Indian Overseas Bank's PERAMBALUR branch, the IFSC IOBA0001294 is what the National Payments Corporation of India (NPCI) uses to route the credit when you tap Pay on a UPI app.
That is why, even in the UPI era, it is still worth knowing the IFSC of your home branch — for failed UPI mandates, e-mandate set-ups, third-party platform onboarding and salary or refund credits.
Products and account variants supported
Every account opened at the Perambalur branch is mapped to IFSC IOBA0001294 on the RBI payments network. The branch generally supports the full retail product catalogue of Indian Overseas Bank, including:
- Resident savings accounts and salary accounts
- Current accounts for businesses and professionals
- Fixed deposits, recurring deposits and tax-saver deposits
- Demand drafts, banker's cheques and pay orders
- Retail loans — personal, vehicle, education, gold and home
- Credit cards and overdraft facilities (subject to eligibility)
- Third-party investment products such as mutual funds and insurance (through tie-ups)
Whichever product you choose, the IFSC for incoming credits remains IOBA0001294.
Products and services
Customers walking into the Perambalur branch can access most of Indian Overseas Bank's standard product suite, including:
- Account opening – savings, current, NRI, salary
- Term deposits and recurring deposits
- Retail and small-business loans
- Insurance and mutual-fund tie-ups
- Locker, safe deposit and ATM card services
- Online and mobile banking activation
- Electronic transfers via IFSC IOBA0001294
Online banking and IFSC IOBA0001294
Indian Overseas Bank customers can register for net banking and the bank's official mobile app once their account at the PERAMBALUR branch is active. Net banking lets you view balances, download statements, open fixed deposits, request cheque books and initiate NEFT/RTGS/IMPS transfers — all without setting foot in the branch. The IFSC IOBA0001294 is pre-filled by the bank for transfers originating from your own account, and you only need to enter it manually when adding an external beneficiary or sharing your account details with a third party.
How to reach the Perambalur branch
The branch is located at SRI VARADARAJ COMPLEX,PERAMBALUR ROAD,PERAMBALUR PIN 621212, which puts it inside Perambalur, the broader Perambalur district, and the state of Tamil Nadu. To plan your visit:
- Open Google Maps on your phone and search for “Indian Overseas Bank Perambalur branch” — the verified location pin for IFSC IOBA0001294 should appear at the top of the results.
- Confirm the branch is open by calling 278512 before stepping out, especially around public holidays.
- Carry photo ID and any account-related documents you may need for the transaction you plan to do.
Most banking work — passbook updates, fund transfers, statement downloads — can also be completed online without visiting the branch in person, as long as you know the IFSC IOBA0001294 and your account number.
Common mistakes to avoid when using IFSC IOBA0001294
An incorrect IFSC almost always results in a failed transfer or, worse, a credit to the wrong branch. Before you click Confirm on a transfer to Indian Overseas Bank – PERAMBALUR, double-check for these issues:
- Confusing 0 with O. The fifth character of every IFSC is the digit
0, not the letter O. Read carefully. - Spaces or hyphens. Do not put spaces in the IFSC. It is exactly 11 characters:
IOBA0001294. - Wrong branch. A bank can have dozens of branches in the same city. Make sure you are using the IFSC for the actual branch where the beneficiary holds the account, not just any nearby branch.
- Old IFSC after a merger. If two banks have merged, the IFSC may have been reissued. Always verify with a recent passbook or cheque leaf.
- Copy-paste from chat. Auto-correct on phones can silently change letters in IFSC codes. Type carefully or copy from a trusted source like the cheque book.
Working hours
Branch counters at Perambalur are usually open from 10 AM to 4 PM on weekdays. Saturdays follow the RBI's alternate-Saturday rule. Even when the branch is closed, NEFT, RTGS, IMPS and UPI transfers addressed to IOBA0001294 continue to work without interruption.
Other ways to verify the IFSC code
While this page already lists the verified IFSC IOBA0001294 for Indian Overseas Bank – PERAMBALUR, you can cross-check the code from any of these sources before initiating a high-value transfer:
- The front of the cheque book issued by the branch – the IFSC is printed at the top of every leaf.
- The first page of your passbook.
- The bank's official website under the branch locator.
- The Reserve Bank of India's IFSC search portal.
- Net banking dashboards usually display the home-branch IFSC under account details.
Branch address & contact
Indian Overseas BankPerambalur Branch
SRI VARADARAJ COMPLEX,PERAMBALUR ROAD,PERAMBALUR PIN 621212
Perambalur, Tamil Nadu
Phone: 278512
IFSC: IOBA0001294
Frequently asked questions
What is the difference between IFSC and MICR code?
IFSC is an 11-character alphanumeric code used for online transfers, while MICR is a 9-digit numeric code printed on cheques and used by cheque-clearing machines. Both identify the Perambalur branch but serve different purposes.
How do I add Indian Overseas Bank Perambalur as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IOBA0001294, and complete OTP verification. Once activated, you can transfer funds at any time.
How quickly will an NEFT transfer using IOBA0001294 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indian Overseas Bank – Perambalur reflect within 30 minutes.
Can I use IFSC IOBA0001294 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IOBA0001294 to send funds instantly.
Where is Indian Overseas Bank Perambalur branch located?
Indian Overseas Bank's Perambalur branch is located at SRI VARADARAJ COMPLEX,PERAMBALUR ROAD,PERAMBALUR PIN 621212, Perambalur, Tamil Nadu.
What is the phone number of Indian Overseas Bank Perambalur branch?
You can reach the branch at 278512 during regular banking hours.
Does Indian Overseas Bank Perambalur branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 278512 to confirm.
Is IFSC IOBA0001294 the same for all accounts at Perambalur branch?
Yes. The IFSC IOBA0001294 is shared by every account held at Indian Overseas Bank's Perambalur branch. Only the account number changes from customer to customer.
Summary
The IFSC code IOBA0001294 belongs to Indian Overseas Bank's PERAMBALUR branch, located at SRI VARADARAJ COMPLEX,PERAMBALUR ROAD,PERAMBALUR PIN 621212 in PERAMBALUR, TAMIL NADU. Use this code along with the beneficiary's account number for any NEFT, RTGS or IMPS transfer to this branch. Bookmark this page for quick reference whenever you need the branch's banking details.
